U.S and South Korea conclude trade deal
Chris Schlect, Northwest Horticultural Council
Can it be? Have the U.S. and South Korea worked through all the tough ag issues and hammered out a free trade pact? That's the news from the U.S. Trade Representative today.
Here is what the Administration is saying so far...
The KORUS-FTA represents the United States’ most commercially significant FTA in over a decade. The Republic of Korea is the world’s tenth largest economy, with a GDP of nearly $1 trillion.
Historically, Korea has been one of the most protected agricultural markets in the world. The KORUS FTA will create highly valuable new export opportunities for American farmers and ranchers by eliminating and phasing out tariffs and quotas on a broad range of products. Under the agreement, over $1 billion worth of U.S. farm exports to Korea will become duty-free immediately. Most remaining tariffs and quotas will be phased out over the first ten years the agreement is in force.
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TK: Farm Bureau has already issued a statement by AFBF president Bob Stallman stating that group's support for the deal depends on "commercially viable trade for U.S. beef based on World Organization for Animal Health (OIE) guidelines."
Chris Schlect of the Northwest Horticultural Council said today a general briefing about the pact will be held later today, but specifics are probably a few days away.
Here is what the Administration is saying so far...
The KORUS-FTA represents the United States’ most commercially significant FTA in over a decade. The Republic of Korea is the world’s tenth largest economy, with a GDP of nearly $1 trillion.
Historically, Korea has been one of the most protected agricultural markets in the world. The KORUS FTA will create highly valuable new export opportunities for American farmers and ranchers by eliminating and phasing out tariffs and quotas on a broad range of products. Under the agreement, over $1 billion worth of U.S. farm exports to Korea will become duty-free immediately. Most remaining tariffs and quotas will be phased out over the first ten years the agreement is in force.
.
TK: Farm Bureau has already issued a statement by AFBF president Bob Stallman stating that group's support for the deal depends on "commercially viable trade for U.S. beef based on World Organization for Animal Health (OIE) guidelines."
Chris Schlect of the Northwest Horticultural Council said today a general briefing about the pact will be held later today, but specifics are probably a few days away.
Labels: Chris Schlect, FDA, Northwest Horticultural Council
posted by Tom Karst @ 2:51 PM
1 Comments:
They take their trade seriously in South Korea, and not in a funny way. I heard on a radio news show that a man in Korea set himself on fire to protest this passing.
SEOUL, April 2 (Yonhap) -- A South Korean man was taken to a hospital Monday after he set himself on fire in protest of free trade talks between South Korea and the United States, police said.
According to the police, the man, only identified by his surname Heo, attempted to immolate himself 20 meters from the front gate of the hotel where negotiators from South Korea and the U.S. are holding last-minute talks for a proposed free trade agreement.
I wonder what aspect he was protesting?
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